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February 23rd, 2021
Information & Insights for the 403(b) Community
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Ask the Experts
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Can Beneficiaries Elect Timing of Payments From Inherited 403(b) Assets?
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“In a 403(b) plan, does a spouse beneficiary have the ability to forgo the payments over his/her life expectancy and opt for the payout under the 10-year rule established by the SECURE Act for designated non-spouse beneficiaries? Would it matter if the participant’s death was before or after their required beginning date? Would other eligible designated beneficiaries who satisfy the exception to the 10-year rule have the ability to choose the 10-year option rather than the life expectancy option?”
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